Analysis of the past week

According to the results of the last week of June, most major currency pairs were traded in different directions, forming a flat. The exceptions were the New Zealand, Australian and Canadian dollars, which was caused by the growth of raw materials and lower risks. In most other cases, the multidirectional dynamics of the market was due to the restraint of the US dollar.

The US dollar index traded in the sideways channel from 95.80 to 96.40 during the week, which even formed an upward reversal after a weekly decline. But he could not develop a full-scale upward correction due to uncertainty and low activity. Weekly volatility in the US dollar index was about 0.50%. This may indicate further the resumption of the downward trend when fixing the level below 95.80.

Fig. 1. The US dollar index H4. The current price is 96.10 (10-year government bonds yield is the blue line)

Hanzenko Anton